Talk of The Villages Florida - View Single Post - Let’s revisit
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Old 06-07-2022, 02:48 PM
jimjamuser jimjamuser is offline
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Quote:
Originally Posted by coralway View Post
Last year? SEC filings from the largest oil and gas companies show they’ve collectively completed $45.6 billion worth of buybacks since the start of 2021.

So, if you're ok with oil and gas companies dramatically increasing their prices so they can buy back their stock, and make their investors happy, then no one has any reason to complain about current prices.
Stock buy-backs are often a desperate attempt by a corporation to prevent its stock price from falling. It can also happen when a corporation is MORE optimistic about its future than the general market.